banking

Between credit cards, debit cards, Apple Pay and Venmo, the need for cash is on the decline — and so is the ATM. And yet North American and European banks aren’t necessarily decreasing ATM production or removing the machines. Some banks, including Wells Fargo and Chase Bank, are instead recreating the ATM. Continue reading →

Tucked into the new federal spending bill that passed this week was a provision to loosen banking regulations on hedges known as derivatives or swaps, rolling back part of the Dodd-Frank Act that was enacted after the financial crisis. Dennis Kelleher of Better Markets and Mark Calabria of the Cato Institute join Hari Sreenivasan for a discussion on what the bill means for banks. Continue reading →

Thanks to recent financial scandals and fraud, public trust in the financial industry is low. But a new study published in the journal Nature shows that bankers, themselves, aren’t dishonest people; the industry makes them behave dishonestly. What is it about the cultural norm in banking that gives way to lying, and how can banks fix that? Continue reading →

From wristwatch to wallet, the cell phone is absorbing more and more forms of personal technology. How does Apple Pay, a new financial transaction service from Apple, affect consumers and how we pay for things? Hari Sreenivasan explores the launch and its impact with Arik Hesseldahl of Re/code. Continue reading →

Since the financial crisis, small business lending by banks has declined substantially according to federal data. The value of loans of less than $100k is down by more than 18 percent since 2008. But while banks have pulled back, new types of sparsely regulated nonbank lenders have stepped in as alternatives, hoping to disrupt traditional small business lending. Continue reading →

Nearly 20% of low income US households are "underbanked," according to the FDIC. But is providing access to traditional, mainstream financial services the best solution for everyone? A professor does double duty as a New York City check casher and discovers that banks might not be the best choice for everyone. Continue reading →

JP Morgan Chase is close to striking a reported $13 billion settlement with the government over the sale of troubled mortgage securities. Gwen Ifill talks to Dennis Kelleher of Better Markets and Bert Ely, a banking consultant, for reaction on the penalty and how the government is seeking accountability for the 2008 crisis. Continue reading →

Ina Drew, the former J.P. Morgan Chase executive who resigned after that bank made a billion dollar trading error, faced a Senate hearing Friday, where she testified she had been a diligent manager but had been lied to by subordinates. Ray Suarez talks with Bloomberg News’ Dawn Kopecki who attended the hearing. Continue reading →

Former Barclays chairman Marcus Agius faced the Parliamentary Treasury Select Committee on the LIBOR scandal in London in July. Photo by Jason Alden/Bloomberg via Getty Images. One of the biggest business scandals of 2012 was the the manipulation of LIBOR, … Continue reading →

Name: Paul, El Cerrito, Calif. Question: I have been a dedicated viewer of your segments on the NewsHour for years. Unfortunately, even with your fine reporting, I am still confused about the ramifications of the financial meltdown in 2008. I … Continue reading →